Black Stone Minerals, L.P. (NYSE: BSM): Analyst View Points To Future Growth

Black Stone Minerals, L.P. (BSM) concluded trading on Thursday at a closing price of $15.98, with 0.46 million shares of worth about $7.38 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -8.27% during that period and on March 28, 2024 the price saw a gain of about 0.88%. Currently the company’s common shares owned by public are about 210.31M shares, out of which, 162.16M shares are available for trading.

Stock saw a price change of 1.65% in past 5 days and over the past one month there was a price change of 2.90%. Year-to-date (YTD), BSM shares are showing a performance of 0.13% which increased to 4.51% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $14.80 but also hit the highest price of $18.55 during that period. The average intraday trading volume for Black Stone Minerals, L.P. shares is 505.02K. The stock is currently trading 2.93% above its 20-day simple moving average (SMA20), while that difference is up 1.34% for SMA50 and it goes to -4.05% lower than SMA200.

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Black Stone Minerals, L.P. (NYSE: BSM) currently have 210.31M outstanding shares and institutions hold larger chunk of about 15.80% of that.

The stock has a current market capitalization of $3.36B and its 3Y-monthly beta is at 0.93. PE ratio of stock for trailing 12 months is 8.78, while it has posted earnings per share of $1.82 in the same period. Its PEG reads 1.33 and has Quick Ratio of 7.50 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BSM, volatility over the week remained 1.14% while standing at 1.46% over the month.

Analysts are in expectations that Black Stone Minerals, L.P. (BSM) stock would likely to be making an EPS of $0.35 in the current quarter, while forecast for next quarter EPS is $0.36 and it is $1.53 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.34 which is $0.36 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.6 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -12.30% while it is estimated to increase by 6.77% in next year. EPS is likely to shrink at an annualized rate of 6.60% for next 5-years, compared to annual growth of 7.10% made by the stock over the past 5-years.

On February 06, 2023, Raymond James Downgrade their recommendations, while on September 20, 2022, KeyBanc Capital Markets Initiated their ratings for the stock with a price target of $22. Stock get a Neutral rating from Piper Sandler on January 26, 2022.

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